Philip Palaveev on how firms should be recruiting young talent

Next generation needs and deserves more attention and training

Nov 7, 2017 @ 12:42 pm

By Jeff Benjamin and Philip Palaveev

There's a lot more to succession planning than just hiring younger advisers, but some registered investment advisers aren't even doing that part right.

Philip Palaveev, founder and chief executive of The Ensemble Practice, describes why it's so important to build a formal succession plan, and offers tips on how to reach that goal.

Mr. Palaveev's new book, "G2: Building the Next Generation" (Wiley, 2017), is laid out as a roadmap to help advisory firms recognize and nurture talent, even if that means sometimes playing favorites.

(More: Ed Slott on Roth IRA conversions becoming permanent)

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